Isuzu begins construction work of Rs 3,000 cr Andhra facility

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Press Trust of India Hyderabad
Last Updated : Jan 27 2014 | 7:59 PM IST
Isuzu Motors India today started construction work of its Rs 3,000-crore manufacturing facility in Andhra Pradesh, from where it plans to cater to both domestic and export markets.
The company, which had acquired 107 acres of land in 2013 for the plant, is likely to commence commercial operations by early 2016 with an initial initial production capacity at 50,000 units per year.
"It is an important and exciting day for us since we have broken ground at Sri City. India is a key region in Isuzu's global growth strategy for its emerging markets and as an important manufacturing hub in the future," Isuzu Motors India President and Managing Director Takashi Kikuchi said.
Commenting on the development, Isuzu Motors India Deputy MD Shigeru Wakabayashi said the company will also cater to international markets from the plant.
"We will look at exporting from this plant," he said.
The production capacity of the plant, which is expected to generate 2,000-3,000 jobs, could be scaled up 1.20 lakh units per year.
"India is a key region in Isuzu's global growth strategy for its emerging markets and as an important manufacturing hub in the future. Our focus is to accelerate our business and establish Isuzu as an important player in the pickup trucks and utility vehicles market in India," Kikuchi said.
The company also plans to have strong presence across the country, with an aim of having 180 dealerships by 2018.
By the end of March 2014, the company will have presence in nine cities with exclusive dealerships in Chennai, Hyderabad, Coimbatore, Cochin, Bangalore, Tirupati, Vishakapatnam, Madurai and Delhi.
The Japanese auto maker, which has imported and sold 200 units of its sports utility vehicle MU-7 and pick-up truck D-Max, plans to launch BS IV version of the pick up truck at the upcoming Auto Expo to be held between February 5-11.
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First Published: Jan 27 2014 | 7:59 PM IST

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